Oil Prices Edge Higher After Previous Session’s Decline

Doha: Oil prices edged higher early Thursday, recovering slightly after a nearly 2% drop in the previous session, as investors weighed the possibility of an OPEC+ production hike against mixed signals on tariffs from the White House. Brent crude futures had inched up 6 cents, or 0.09%, to $66.18 per barrel, while US West Texas Intermediate (WTI) crude rose 7 cents, or 0.11%, to $62.34 a barrel.

According to Qatar News Agency, oil prices experienced a 2% decline in the previous session, prompting market participants to closely monitor the potential impact of OPEC+ decisions on crude supply. The mixed signals from the White House regarding tariffs have also contributed to market uncertainty, influencing investor sentiment and oil price movements.